Belgian Royal Family Stung By Ponzi Schemer

Guy De Chimay told investors he helped his cousin, the Prince of Belgium, to invest $200 million of the royal family's money in America, in a ploy to convince the group they should invest in a real estate vehicle that would earn them annual returns of 12%.

Now De Chimay is going to prison for between three to nine years for pilfering $7 million from those clients, the Daily News reports. He's also been ordered to pay more than $6.6 million in restitution.